mobile payment marketplace Archives

iResearch study shows 2011 will experience 76 percent increase in mobile payments

11/12/201111/12/2011 Julie Campbell

Mobile payments – where purchases can be made through a smartphone or tablet – are becoming much more popular, especially as 3G networks have become popular in the massive Chinese mobile marketplace. Over the last year, the growth of the use of mobile phone payments has been explosive, and an even greater increase is on the cusp of occurring. Several telecommunication operators and banks in China have had representatives discuss the opportunity presented by mobile payments. China Mobile president, Wang Jianzhou, has stated that the current cooperation of the company…

Richard Branson backs Square mobile payment startup

11/10/201111/10/2011 Julie Campbell

Mobile payment startup, Square, which is recognized for its board of directors that features big names such as Lawrence Summers, the former U.S. Treasury Secretary, now has another notable supporting its cause: Virgin’s Richard Branson, the U.K. billionaire. According to a spokesperson from Square, Branson has added his support by making what is being called a “multimillion” dollar investment into the company. The actual amount of this investment has yet to be disclosed. This is not an entirely new experience for Square, is it had previously received an investment of…

American Express makes moves toward greater mobile expansion by way of acquisitions

09/16/201109/16/2011 Julie Campbell

According to its executive vice president, David Messenger, American Express Co. has been seeking certain sizeable international acquisitions in order to assist in its efforts to take advantage of a spike in demand for online commerce and mobile payments in emerging markets. Based on purchases, Amex is the largest issuer of credit cards in the world. Based in New York, it is now looking into deals in China and other developing regions, and, according to Messenger, it wants to make purchases of and investments into startups in Silicon Valley that…

Businesses are moving in on mobile payments market

08/16/201108/16/2011 John Montgallo

A number of well recognized companies, as well as smaller businesses that are far less well known, are now vying to become the head of the practical mobile payment marketplace. According to research director for commercial banking and payments, Andy Schmidt, from TowerGroup, “The promise of the mobile wallet is you’ll be able to manage your entire financial life from a single device.” One of the major players in the mobile payment game has been Google, right from the start. In May, it unveiled its test pilot for Google Wallet.…

The finance industry’s take on Apple Inc.

07/22/201107/22/2011 Jennifer Goula

While the NASDAQ continues its relative plateau, the stock for Apple Inc. has managed to achieve a 10 percent increase following their third quarter earnings announcement, after remaining relatively steady over a period of eight months. This was far from what Wall Street and tech industry analysts had been anticipating, and it is has sent them scrambling to recreate their forecasts for Apple’s future. While some analysts are insisting that this sudden hike is only temporary and that the stock will resettle back to their previous numbers, others predict that…